Social Capital Investment and Effective Governance of Enterprises'Overseas Economic Disputes—Based on Empirical data of Chinese Enterprises along the"the Belt and Road"
As more and more Chinese enterprises are moving abroad,they are facing an increasing number of economic dis-putes.If they are not properly handled,they will not only cause economic losses but also have serious negative effects on China's national image.This raises the issue of governance for overseas economic disputes of enterprises.Based on the Over-seas Chinese Enterprises and Employees Survey(OCEES)database of Yunnan University to establish a multivariate logit model,this paper analyses the governance effectiveness of corporate social capital investment on overseas economic disputes of Chinese enterprises.The results indicate that the size of social capital significantly affects the choice of resolution mecha-nism for economic disputes faced by Chinese enterprises.The more social capital investment Chinese enterprises have,the greater the probability of using low-cost solutions such as negotiation when economic disputes arise.The macro level interna-tional relations factors have a significant moderating effect on the governance effectiveness of social capital.Among them,a fa-vorable political environment and bilateral relations in the host country can effectively replace social capital investment,and good Chinese products and national image can significantly promote the governance effectiveness of social capital.Heteroge-neity analysis found that there are significant differences in the governance effectiveness of corporate social capital invest-ment on economic disputes between countries and city types,with a greater promoting effect in Southeast Asian countries than in non Southeast Asian countries,and a significantly greater promoting effect in commercial cities than in non-commercial cit-ies.Based on this,this article suggests that overseas Chinese enterprises should pay attention to strengthening social capital investment in host countries,and the country also needs to strengthen bilateral relations,increase the dissemination of China's national image,and help corporate social capital play its role better in governing economic disputes.
"Belt and Road"Economic DisputesSocial CapitalOverseas Interest ProtectionEconomic Sociology
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